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Real Estate in Orange Walk, Belize | Digital Nomad Exchange
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Real Estate in Orange Walk, Belize

By Betsy Burlingame

Last updated on Oct 17, 2024

Summary: People living in Orange Walk, Belize offer advice about real estate. How do you find a home in Orange Walk? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Orange Walk?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Orange Walk involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a small apartment to a larger house, depending on your needs and financial situation. Next, you should research the different neighborhoods in Orange Walk to find one that suits your lifestyle and preferences. Some areas might be closer to amenities like shops and restaurants, while others might offer more peace and quiet. Once you have a clear idea of what you're looking for, you can start your search. There are several online real estate platforms that list properties for rent or sale in Belize, such as Property in Belize, Century 21 Belize, and Belize Real Estate MLS. These websites allow you to filter your search based on location, property type, price range, and other criteria. In addition to online searches, you might also want to consider hiring a local real estate agent. They can provide valuable insights into the local market, help you negotiate prices, and guide you through the legal process of renting or buying property in Belize. Visiting Orange Walk in person is also a good idea if possible. This allows you to view properties firsthand, get a feel for different neighborhoods, and potentially discover additional housing options that aren't listed online. Once you've found a property you're interested in, you'll need to contact the landlord or real estate agent to arrange a viewing. If you decide to proceed with the property, you'll then need to negotiate the terms of the lease or sale, sign the necessary paperwork, and arrange for payment. Finally, before moving in, it's recommended to do a thorough inspection of the property to ensure everything is in good condition. If any repairs or improvements are needed, these should be discussed with the landlord or seller before finalizing the agreement," said one expat who made the move to Orange Walk.

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What is a typical expat home or apartment like in Orange Walk?

"A typical expat home or apartment in Orange Walk, is often a single-story or two-story structure, built with a combination of concrete and wood. The architecture usually reflects a blend of Caribbean and Central American styles, with high ceilings, large windows, and often a veranda or balcony. The homes are usually surrounded by lush tropical gardens, providing a sense of privacy and tranquility. Inside, the homes are spacious, with open floor plans that allow for plenty of natural light and air circulation. The living areas are typically furnished with comfortable, tropical-style furniture, and the kitchens are modern and well-equipped. Many homes also have air conditioning units, although the mild climate often makes them unnecessary. Some expat homes may also have a swimming pool or access to a shared community pool. Despite being in a relatively small town, these homes often have modern amenities such as high-speed internet and cable TV," remarked one member in Orange Walk.

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What is the average cost of housing in Orange Walk?

If you are thinking about moving to Orange Walk, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Orange Walk can vary greatly depending on the size and location of the property. However, generally, it is relatively affordable compared to many other locations. For a decent-sized family home in a good location, one might expect to pay somewhere in the mid to high five-figure range in US dollars. For smaller properties or those in less desirable locations, the cost could be significantly lower. It's also worth noting that prices can fluctify based on the real estate market's condition," remarked one foreigner who made the move to Orange Walk.

Should I buy or rent a home in Orange Walk?

If you have not spent a lot of time in Orange Walk, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Orange Walk depends on several factors. If you plan to stay in Belize for a long period of time, buying a home could be a good investment. Belize has a growing real estate market, and owning a property could provide you with a valuable asset in the future. However, if you're unsure about your long-term plans or if you're not ready to commit to a mortgage, renting might be a better option. Renting a home in Orange Walk gives you flexibility and allows you to explore different neighborhoods before settling down. It's also important to consider the costs associated with each option. Buying a home involves upfront costs like the down payment and closing costs, as well as ongoing costs like property taxes and maintenance. On the other hand, renting typically involves a security deposit and monthly rent payments, but the landlord is usually responsible for maintenance and repairs. Lastly, consider your lifestyle and personal preferences. If you enjoy the freedom to customize your living space and don't mind the responsibilities of homeownership, buying a home could be the right choice for you. But if you prefer a more carefree lifestyle with less responsibility, renting might be more suitable. In conclusion, whether you should buy or rent a home in Orange Walk, Belize depends on your financial situation, long-term plans, and personal preferences. It's a decision that requires careful consideration and planning," said one expat who made the move to Orange Walk.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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